acestocksplayer
MAY 2019  

This category is generally reserved for discussions about S&P/ NASDAQ listed stocks and general discussions about stocks priced at $5 or more. It is also a good place to discuss CHARTING (Technical Analysis) on the markets as well as on select stocks. 

***NEW MEMBERS WELCOME! NO OBLIGATION TO JOIN!***

This is ONE OF OUR MOST ACTIVE DISCUSSION BOARDS! This forum is easy to find at http://http://www.AceStockTrader.com  ... Or, simply google these two words: "Talking Stocks".

[image] 
Charts like this one are found at the FinViz.com website. We are not affiliated nor associated in any way with FinViz or its related owners. But we do like their free charts and we highly recommend you check them out!


Get a snapshot view of 200 various Market and Stock Charts at this link! (click here)

(These charts update throughout the day with a 15 min. delay. Be sure to bookmark it!)


REGISTERED MEMBERS: This is the main discussion board for the month for stocks $5 and above. To keep the conversation going, simply tap on the REPLY button and post. Let's make it another great month of content here! Thanks.  


This board only expresses opinions of anonymous posters and should never be construed as investment advice. Be sure you understand the Terms and Conditions of this site and message board (Forum) before viewing any content here (see "disclaimers" in the announcement board to the left for details). In other words, we accept no responsibility for your actions.

The public is welcome to join or view the discussion! Always review our Disclaimers before viewing or posting on this site! If any member should spot inappropriate comments, remarks or content that is posted, please send a private message to "acestocksplayer" or your board's Moderator.  Otherwise, ENJOY the use of this free trader's forum!
 
 
 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 0 0
acestocksplayer
WELCOME TO THE MONTH OF MAY BOARD....  ÃƒÆ’ƒÆ’ƒÃ†Ãƒ¢â‚¬â„¢ÃƒÆ’‚°ÃƒÃ¢â‚¬Â¦Ãƒâ€šÃ‚¸ÃƒÃ¢â‚¬Â¹Ãƒâ€¦Ã¢â‚¬Å“Æ’

Well, historically, the month of May marks the beginning of summertime in the USA ÃƒÆ’°Å¸Ââ€“   ....and it has also marked a slowdown in US equity advances over the years....

But Dow Futures are up 100 points tonight (the morning of May 1st) after AAPL delivered a good earnings report....it seems that ever since the FED put its rate rises on pause and announced a scheduled end to its balance sheet sales, that the market has been hell-bent on not letting go of its advances....volatility is weak and the down-turns are feeble and brief...

However, numerous top business sites like Barron's ( http://www.barrons.com ) and MarketWatch ( http://www.marketwatch.com ) have pointed out that the fundamentals like earnings and revenue growth have slowed down this year, but that the PE multiple is what is expanding now. The PE multiple typically EXPANDS when the FED is on pause or dropping interest rates, as we have now. The worry is that we are being set up for a much stronger down-draft once investors figure out that maybe they are over-paying for their equities purchases....but in the meantime, it's let the good time roll! 

And from an investment perspective, many retail traders have remained on the sidelines or are participating in the market advance in only a small way, and it's this lack of full-force buy-in by the retail crowd that keeps this market climbing the Wall of Worry....and right now, that Wall seems to be worried a bit more about China (once again) as recent economic statistics like PMI Manufacturing Index are slowing down....and then on Tuesday, we heard Trump's chief negotiator, Paul Mulvaney say that a final decision with China on the trade negotiations is expected within two weeks or less.

Mulvaney said we either will strike a very good deal with China, or we won't! It's the "or we won't" part that seems kind of scary to the markets....and despite all the promises of a potential good deal, there is one thing in the back of my mind, and that is that TRUMP holds all the cards. Trump believes that the US economy can move ahead with or without China, and so far, he's been more right about that anyone expected. And Trump is trying to stay true to his base as the 2020 elections heat up, and so he may nix any final deal with China if he's not pleased about anything. If anyone thinks that Trump would not walk away from a final deal with China,then think about what happened when Trump traveled 8,000 miles to Asia to meet Kim Jung Un, the North Korean leader, and then walked away from signing a final deal with him as everyone (and especially the news media) had expected. To me, Trump is the wild card in these negotiations, and even though his negotiating team may believe they are close to a deal, only Trump will decide if that will be the case. Trump likes to project power, and when I think back to his days on the TV show, "The Apprentice," it was this aura of power that made the show so special. Make no mistake in understanding the man, but he likes the feeling of power, and he knows that saying "no deal" can sometimes make him seem even more powerful when he wants to make a point to everyone around him.  

One of the major sticking points in those negotiations is whether the US will agree to end its current tariffs with China (mostly 10% tariffs), and the White House has not said that it would. My view is that Trump believes that the current tariffs should remain in place because even with those tariffs, the US trade deficit with China remains largely negative. This to me, is one major reason that I am concerned that Trump may not allow a final deal to be reached with China.

The traditional view by most academic economists is that trade wars lead to slower growth and even recessions-- and especially if tariffs are being used as economic weapons. In their view, Trump is playing with fire, and in the near term, the tariffs may lead to short term gains for US workers and the local economy, but in the long run, the tariffs will cause more harm than good to the US as well as the rest of the world. Those theories may be put to the test in the coming months....we shall see.  

Down below, I have posted the MCHI daily chart which is an ETF that tracks the China A-shares index....and as we know, China's stock market has been mostly on the up-swing this year on the positiive belief that China and the US will come to terms on a major trade agreement, but look closely at the MCHI chart, and notice that within the last few trading days, MCHI dropped under its long-term up-trend line and the current price level is under the 13 EMA line and also in the lower channel of the Bollinger Bands. Technically, the MCHI is starting to look worrisome in my opinion....so, let's watch to see what happens in this critical time of the year....

So, will it once again prove to be true that we should "Sell in May and go away....?"  ÃƒÆ’ƒÆ’ƒÃ‚°Ã…¸Ëœ³

MCHI Daily Chart

[image] 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 0 0
acestocksplayer
Board Member LIttleShark remarked on RIG on the last day of the April board....

I am happy to say that I took profits on April 23rd on the day that it peaked...I have been trading and following RIG for some time now, and I knew that it was likely the price would not make it to $10...and I was right. Another curious thing on the daily chart was that the ADX(65) graph went RED positive up-cross on that very day...

Now, the ADX(65) graph is a slow indicator and is geared to measure TREND over the LONG RUN...but the fact that the graph went bearish on that day is telling, because what that says is that RIG advance over the last several months has moved to slowly and the gains have been largely contained...in the long view, the stock continues to trade mostly sideways....

Shark asked if a buying opportunity had arisen with Tuesday's 10% plunge? I think that with the high volume wash-out, that may prove to be true, but I think we need to see if the stock can stabilize first--or is it a falling knife? We need to stand back and observe at least another trade sesssion or two before jumping in, imho.

RIG daily chart

[image] 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 0 0
Littleshark
FED DAY > event or no event day ? ... probably the later ...

Thursday the Bank of England meeting is expected to hold rates steady also ...
Quote 0 0
Littleshark
HEYhttp://Most Global Markets Closed for International Workers' Day 8:51 am ET (Briefing.com) [BRIEFING.COM]

S&P futures vs fair value: +8.40.
Nasdaq futures vs fair value: +58.40.
< ...

So ~ a lack of World trading volume will do what ? ...
Quote 0 0
Littleshark
Weds. 5-1-2019 Pre-market news spin: (1/3 of the year is gone ~ what will you do with the other 2/3's ? ~ me? ,,, try to catch fish of course)

> UPDATE: Stock futures point to more records as Apple results cheer 9:04 AM ET (MarketWatch)

> Mattel expands licensing deal with Disney to new titles, toys inspired by 9:04 AM ET (MarketWatch)

> U.S.-China trade talks will continue in Washington next week, White House 9:04 AM ET (MarketWatch)

> Mattel's stock surges 6.5% premarket after expanded licensing deal with 9:04 AM ET (MarketWatch)
<
Quote 0 0
Littleshark
Latest news spin > http://U.S., China had 'productive' trade meetings, White House says Today 9:12 AM ET (MarketWatch) < see 9:04AM ET in post above also ... double news pump campaign to distract attention away from today's FED meeting (I have seen no pre-market articles about FED meeting today)...
Quote 0 0
Littleshark
> UPDATE: Misguided fears mean there's now a big buying opportunity in health-care stocks Today 8:53 AM ET (MarketWatch) 
By Howard Gold, MarketWatch

Investors have wrongly sold in panic over 'Medicare for All'
< find under XLV or RYH ...
Quote 0 0
Littleshark
http://Dollar skid continues ahead of Federal Reserve decision 7:51 am ET (MarketWatch) < ,,, http://schrts.co/SIcsHkeI $USD ...
Quote 0 0
Littleshark
XLK keeping the market green ~ on AAPL I assume ... XLF just barely green & XLC green a little ,,, the other XL's are all red ...
Quote 0 0
PNG


Perhaps this concept expanded is what has driven LABU lower - concerns about generic drugs and US moving to lower drug costs...
Quote 0 0
umunver


                                                      LABU:   BOUGHT at $46.99.


                                             GOOGL:   FILLED the GAP at $1178+

                             GOOGL:    BOUGHT at 1176.88.

Pelosi Invokes Obama's Legacy To Kill The 'Green New Deal'

Profile picture for user Tyler Durden

Nancy Pelosi is employing a new weapon in her desperate battle to keep a lid on the restive progressives and "Democratic Socialists" who now represent a sizable voting bloc in the House: Invoking the legacy of President Barack Obama. According to Bloomberg, as the House prepares to vote on Alexandria Ocasio-Cortez's 'Green New Deal' resolution, Pelosi is using Obama's 'leadership' on climate change - like joining the Paris Climate Accords - to support her reasoning that there might be more moderate ways to deal with climate change short of banning air travel and calling for the reconstruction of nearly every building in New York City.

Quote 0 0
acestocksplayer
Not much to report here....

Da boyz have pulled STNE back down, but I almost expected that.....I am waiting for it to rebound and advance above $30.

NVAX, a new buy for me, has not really taken off yet.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 0 0
umunver

                                                                                 GO   LABU   GO:

[image]



    

ISM Plunges To Oct 2016 Lows As US "Manufacturers Seem Sceptical That Demand Will Persist"

Profile picture for user Tyler Durden

Following Canada's Manufacturing PMI plunge into contraction in April, Markit reported US Manufacturing saw a very modest rebound in April (from 52.4 to 52.6) despite the slowest growth in employment in two years.

ISM was considerably worse, plunging to its weakest since October 2016

https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmFC4D.jpg?itok=RczJpJzx

1x" type="image/jpeg">[bfmFC4D]

The gauge for export orders fell below 50 for the first time in three years while imports missed the threshold for the first time in two years, the latest evidence President Donald Trump's trade wars are weighing on factories.

 

The measure for new orders also slipped to near the weakest since 2016, indicating softer demand. At the same time, the inventoriesgauge increased, suggesting stockpiles continue to expand, a trend that will likely eventually reverse and be a drag on growth.

ISM's employment gauge fell to near a two-year low, signaling weakness ahead of Friday's U.S. jobs report.

The index of prices paid dropped to 50, a signal that inflation pressures are likely to remain muted.

Chris Williamson, Chief Business Economist at IHS Markit said:

Quote 0 0
Littleshark
PNG wrote:


Perhaps this concept expanded is what has driven LABU lower - concerns about generic drugs and US moving to lower drug costs...


Actually the article is about three of the Democratic candidates running on a campaign to give health care to everyone ='s eliminating all private health insurance companies etc. ... the article explains why it is politically near impossible to achieve that in the author's opinion ...

HUM addressed the issue today in their conference call also ,,, find under symbol HUM ...
Quote 0 0
Littleshark
LOTS of stocks up 8% to 20% in this list because of good earnings reports > http://46 Stocks Moving In Wednesday's Mid-Day Session Today 1:24 PM ET (Benzinga) < find under companies mentioned: AAPL $213.89 +6.59% ABIO $11.10 +115.12% AJRD $36.84 +8.80% ARLO $4.27 +7.56% CAMP $13.99 -4.26% CLX $150.61 -5.71% CMSS $3.03 -39.28% CVS $57.19 +5.17% EARS $4.27 -24.29% ENPH $13.00 +29.43% EXTR $6.92 -13.56% FTR $2.17 -24.04% GRMN $78.92 -7.95% HRS $180.50 +7.12% HRTX $18.77 -13.40% HVT $19.08 -19.90%  HVT $19.08 -19.90% HY $60.15 -9.72% JMEI $2.64 +8.44% MFCB $12.95 +36.28% MGPI $68.60 -21.93% MHH $5.24 -12.67% MKGI $2.61 +8.75% MRNS $4.35 -11.94% MX $9.97 +12.66% NANO $36.69 +23.16% NBEV $5.21 -3.52% NBRV $2.34 -21.90% NUS $64.15 +26.11% OSIS $99.88 +10.82% PBI $5.50 -22.71% PCRX $46.49 +16.74% PLSE $11.67 -27.16% PRPO $7.51 +24.13% QUMU $3.66 +16.19% RCL $129.97 +7.46% ROG $191.20 +14.14% RRD $4.28 -7.47% SBBP $3.82 -20.20% SDI $19.94 +16.13% SSNC $60.38 -10.76% STAF $1.84 +11.54% TPB $49.58 +15.92% USNA $92.45 +10.77% VCYT $25.82 +12.88% VNOM $31.88 -5.19% ...

Good list to find some profitable companies that you never heard of before ...

Doc might be more interested in the other ones that have pulled back today ...
Quote 0 0
Littleshark
> Treasury Yields Slide to Session Lows After Fed Meeting -- Market Talk 2:10 pm ET (Dow Jones)

> Stock market gains after Fed leaves rates unchanged, acknowledges pesky inflation and weak spending 2:07 pm ET (MarketWatch)

> Gold ends modestly lower, then climbs in electronic trade after Fed policy statement 2:07 pm ET (MarketWatch)

> U.S. Stocks Maintain Modest Gains After Fed Leaves Rates Unchanged2:04 pm ET (Dow Jones)

> Treasury yields extend decline after Fed policy update 2:04 pm ET (MarketWatch)

> FOMC holds fed funds rate steady, but cuts interest rate on excess reserves 2:00 pm ET (MarketWatch)
< how did they manage to write that article right as the FED released the info ? & the follow up articles the next 10 minutes ? ... people can't type that fast ...

p.s. : 

> Stocks Hold Onto Modest Gains as Fed Leaves Rates Unchanged 2:18 pm ET (Dow Jones)

> Dollar falls to 1 1/2-week low after Federal Reserve leaves interest rates unchanged 2:17 pm ET (MarketWatch)

> Fed Fund Futures Show Jump in Rate Cut Probability -- Market Talk 2:14 pm ET (Dow Jones)
  ...
Quote 0 0
slamminsam
umunver wrote:

                                                                                 GO   LABU   GO:

[image]



    

ISM Plunges To Oct 2016 Lows As US "Manufacturers Seem Sceptical That Demand Will Persist"

Profile picture for user Tyler Durden

Following Canada's Manufacturing PMI plunge into contraction in April, Markit reported US Manufacturing saw a very modest rebound in April (from 52.4 to 52.6) despite the slowest growth in employment in two years.

ISM was considerably worse, plunging to its weakest since October 2016

https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_mobile/public/inline-images/bfmFC4D.jpg?itok=RczJpJzx

1x" type="image/jpeg">[bfmFC4D]

The gauge for export orders fell below 50 for the first time in three years while imports missed the threshold for the first time in two years, the latest evidence President Donald Trump's trade wars are weighing on factories.

 

The measure for new orders also slipped to near the weakest since 2016, indicating softer demand. At the same time, the inventoriesgauge increased, suggesting stockpiles continue to expand, a trend that will likely eventually reverse and be a drag on growth.

ISM's employment gauge fell to near a two-year low, signaling weakness ahead of Friday's U.S. jobs report.

The index of prices paid dropped to 50, a signal that inflation pressures are likely to remain muted.

Chris Williamson, Chief Business Economist at IHS Markit said:

Umunver:  I was looking at both LABU and LABD.  I have a buy-signal on the 16th of April for LABD near the 18-19 area.   A bullish crossover to and a few other indicators.  Just my thoughts.  Good luck with it.....Remember....I want you to beat Da Boyz at their own game too......right!  Sam
Quote 0 0
acestocksplayer
BITCOIN is bubbling up again.....

Decided to try another round with the Gray Bitcoin Trust....

I bought 200 of GBTC at $6.77 each.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 0 0
umunver

                    
                                                 GLD:  1st gap at $12065 as PREDICTED 3 DAYS ago.

                                    MA:  was up $ 5. But now DOWN $5 with Good Earnings.
Quote 0 0
PLAY_HRD
VXXB - Missed covering a scalp by .01, let's see if holding shorts bites me in the...
Quote 0 0
Littleshark
2 minutes before the close ,,, http://schrts.co/PQDkFAFp SPX has two video book profits signals ... Markets have turned RED ...
Quote 0 0
umunver


                                                     Mr.  MARKET SHOULD BE DOWN TOMORROW IN AM & NEXT FEW DAYS.
Quote 0 0
Littleshark
Littleshark wrote:
2 minutes before the close ,,, http://schrts.co/PQDkFAFp SPX has two video book profits signals ... Markets have turned RED ...


Markets survived the FED statement ~ but not the Powell news conference ! > http://Stock market sinks to session lows after Fed's 'patient' policy statements, Powell news conference Today 3:51 PM ET (MarketWatch) <
Quote 0 0
acestocksplayer
umunver wrote:


                                                     Mr.  MARKET SHOULD BE DOWN TOMORROW IN AM & NEXT FEW DAYS.


Fellas....I bought 50 shares of TVIX about 30 seconds before the close @ $21.03.....price is now $21.50 in the AH session.

It looks like a VOSS bear signal, but I haven't had a chance to check that out officially.

I also bought one STNE $26 put as a downside protection on my long bet on STNE....it seems da BOTZ have a plan to pull STNE back under $25 this week just so they can kill some more calls.....

It the price dips under $25, I can cash out this put for profit and wait for my long positions to come roaring back before the next earnings release on 5/13.
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
Quote 1 0